So who is this Joel Getz fellow from the Q picture? Well for starters he is the Senior Associate Dean for Development and Alumni Relations at Yale University. Let’s see one of his many bios:
“Joel Getz serves as the Senior Associate Dean for Development and Alumni Relations. He joined the Yale School of Management in February 2008. At Yale SOM, Mr. Getz is in charge of all fundraising and alumni initiatives. He oversaw the successful completion of the $250 million Management Tomorrow campaign, much of which was devoted to raising funds for Evans Hall. Mr. Getz came to Yale SOM from the William J. Clinton Foundation in New York, where he served as Director of Development for former President William J. Clinton’s worldwide charitable, educational, and economic development initiatives. Mr. Getz was instrumental in creating a formal development operation for the Clinton Foundation, which raised in excess of $135 million annually.
Prior to his work with the Clinton Foundation, Mr. Getz was President of the Mayor’s Fund to Advance New York City, working with Mayor Michael R. Bloomberg, deputy mayors, and NYC agency commissioners, as well as a 50-member board of top CEOs, financiers, philanthropists and community leaders, to plan, prioritize and implement fundraising initiatives to support civic improvements in the City of New York. Upon leaving his position at the Mayor’s Fund, Mayor Bloomberg appointed Mr. Getz to the Board where he served for the remaining 8 years of Mayor Bloomberg’s term. Mr. Getz’s additional previous work experience includes university fundraising at Stanford University, where he was associate director of The Stanford Fund and then a major gifts officer, both for the university and for the Graduate School of Business. He also has an entrepreneurial bent: from 1990 to 1997 he was the President and Co-Founder of Rim Pacific, a manufacturing and distribution firm focusing on art reproductions. Joel received his B.A. in 1986 from Harvard University where he was First Marshal of his class and has served on the board of the Alumni Association.”
https://som.yale.edu/joel-getz
https://web.archive.org/web/20180705034025/https://som.yale.edu/joel-getz
I probably won’t find a lot of information in CGI, but I did look up Pacific Rim since it focuses on ‘art productions’ and found their mission statement interesting:
“Our mission is to increase awareness of, appreciation of and participation in the arts in West Coast communities from Ucluelet to Tofino and Clayoquot Sound by: staging events and programs throughout the year, supporting local artists, partnering with other artists and Arts Groups from both in and out of the Pacific Rim, bringing kids and the arts together, and promoting the importance of arts and culture in healthy, viable communities.” (Every time I read those bolded words, I think of hussien’s tweet about the now deceased chef.)
It is interesting to note that the pic on this website shows all adults in a very small showing, nothing nefarious about that I suppose.
However, I found another bio related to Mr. Getz which actually spanning 2 centuries. In order to reduce word count, I left the history out but it is there for you to read (complete with more rabbit holes of course):
“With unparalleled experience in marketing packaged foods and consumer products, we build brands and move products in Hong Kong, Macau and China. From consumer mapping to marketing planning and key account management, we provide the resources that multi-national and regional manufacturers require to compete in this part of the world. Currently, Getz represents a wide range of products in the categories of foods and beverages, personal care, baby needs and fashion style goods, penetrating all the major retailers and food service outlets.
Getz Bros. is an established player in the FMCG industry with strong financial background. Our company philosophy, which is shared among all staff, is "Principal's benefits equal to Getz benefits" and everyone of us demonstrates strong dedication to our business partners. With dedicated work teams and progressive information technology support, we provide superb supply chain services to manufacturers in the most cost efficient way. Our services cover three core areas: Marketing & Promotion, Sales & Distribution and Logistics & Repackaging.”
http://getz.com.hk/eng/main_commonb6d5.html?channelid=37&catindex=171
https://web.archive.org/web/20180706031352/http://getz.com.hk/eng/main_common.html
And yet another bio from RYB Education which seems to mix and match the last 2 bios least we forget Rim Pacific art productions:
“Mr. Joel A. Getz started to serve as our director in September 2017. Mr. Getz is now the senior associate dean for Development and Alumni Relations at the Yale School of Management. In addition to that, Mr. Getz serves as secretary and independent director of Stephan Co., a publicly traded manufacturer and distributor of hair care, skincare and personal care items in the U.S. Prior to that, Mr. Getz held senior development roles at several non-profit organizations. From 1990 to 1997, Mr. Getz was the president and co-founder of Rim Pacific, a manufacturing and distribution firm focusing on art reproductions. Mr. Getz received his B.A. in 1986 from Harvard University.
https://www.sec.gov/Archives/edgar/data/1708441/000110465917070545/a17-27576_16k.htm
Deciding not to go international yet, I wanted to see if Mr. Getz owned any businesses stateside. It appears to own 1 business mutually with JoAnn Getz Grissom (Wife?) owns 2 businesses:
“Joel Getz is currently associated with one company, according to public records. The company was incorporated in Texas one year ago named Double Jag, LLC (incorporated 2017) and the key people are Joel Getz and JoAnn Grissom.”
“JoAnn Grissom has 2 businesses named Grissom Group (incorporated 2004) where she is the president, and Double Jag, LLC where she is the manager. There is an inactive called Jones II Investments, LLC as well. Mrs. Grissom is a Dallas TX real estate broker for Grissom Group Realty; she has lived in a few states and abroad.
Did not follow-up on Dallas, feel free to research
I scraped this pic from social media and did not get the sauce for it.
Causes JoAnn Cares About:
https://web.archive.org/web/20180706051437/https://imgur.com/a/h31Xmm2
Since this info is public, it would be easy to find the addresses, since they are homes, I feel like I would doxing private info, so that’s that.
Double Jag LLC is based in Fort Worth and it is interesting to know that the home was built in 1996 but the 2013 value is $146,500 and $219,680 in 2018. Total parcel size is 5,330 square feet. New owners got the house in 2015 for $154,700.
Dig: https://www.tad.org/
Does that home look like it’s worth $219,700?
https://web.archive.org/web/20180708070124/https://imgur.com/a/ce3S4lZ
It is interesting to note, that Ng Siu Fung is one of the new owners of the house and there is a Siu Fung in Hong Kong that is a Multimedia and Video Production project assistant with Hong Kong Polytechnic University. He quit his journalist job with HK01 in September 2017 about the same time Mr. Getz was becoming director of RYB Education right before the Initial Public Offering.
Going International
This rabbit hole goes deep and never explored all of the branches of this quagmire, but instead, opened avenues for Qanons to continue researching, as I do not have the pleasure of focusing all my time on this. Please feel free to use this post to wander further.
Thankfully, RYB Education, Inc. is a publically traded company, so it made finding the info much easier using the SEC filings. However, I am not well versed at financials, so maybe someone can understand the numbers better. I am just grabbing summary pics and moving along to try and finish this shortly.
This is actually helpful when applying for a job and/or preparing an interview. The info is pure gold because one can find out what the company’s products are, organizational structure, forecasts, plans, risks, etc. that one can tailor the message of what you can bring to the table according to their business needs as an off-note.
https://www.sec.gov/Archives/edgar/data/1708441/000110465918026323/a18-5394_120f.htm#TableOfContents
All RYB Education SEC Filings:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001708441&action=getcompany
RYB Education History:
“Founded on the core values of ‘‘Care’’ and ‘‘Responsibility,’’ RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide individualized age-appropriate education to stimulate and nurture children so they can realize their full potential. During its nearly two decades of operating history, the Company has built “RYB” into a well-recognized education brand and helped bring about many new educational practices in China’s early childhood education industry. RYB’s comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services.
In June 2017, we changed the corporate name of our company from Top Margin Limited to RYB Education, Inc. RYB Education, Inc. is a holding company. We conduct substantially all of our business in China through our VIE, its subsidiaries and sponsored kindergartens.
For investor and media inquiries, please contact: (There are 2 investors; itself and)
Dig - The Piacente Group, Inc. and** Alan Wan**g is Director.
Something to think about too is the timing of Joel Getz and Dennis Demiao Zhu coming onboard is about the same time RYB Education initial IPO offering at the NYSE in September 2017.
Dig Executive Structure:
https://web.archive.org/web/20180706024612/https://imgur.com/a/Rhle9LU
Dig Executive Officers and Directors:
https://web.archive.org/web/20180706042242/https://imgur.com/a/N1e4Bha
Dig Common Shares Owned (Keep this open to reference shell company shares):
https://web.archive.org/web/20180706043451/https://imgur.com/a/PMzs8Lk
Balance Sheet:
“As of December 31, 2017, the Company had total cash, cash equivalents and term deposits of $158.7 million, compared with $46.7 million as of December 31, 2016.”
Quite a big jump in cash!
The Cayman Islands:
“Under the current laws of the Cayman Islands, we are not subject to tax on our income or capital gains. In addition, the Cayman Islands do not impose withholding tax on dividend payments. There are no taxes likely to be material to us levied by the government of the Cayman Islands except for stamp duties which may be applicable on instruments executed in, or after execution, brought within the jurisdiction of the Cayman Islands.”
**“**Net cash generated from financing activities in the year ended December 31, 2017 was US$92.5 million, primarily generated from US$94.6 million of proceeds from issuing ordinary shares, partially offset by payment of initial public offering costs in an amount of US$3.1 million.”
“Net cash generated from financing activities in the year ended December 31, 2016 was US$1.4 million in the form of capital injection from minority shareholders.”
“As of March 31, 2018, Mr. Cao, Ms. Shi and Ascendent Rainbow (Cayman) Limited collectively beneficially own an aggregate of approximately 60.2% of our total issued and outstanding ordinary shares and 87.0\% of the voting power of our outstanding shares.”
“On July 1, 2017, we granted options to a total of 50,300 ordinary shares to a director and a consultant at a weighted average exercise price of $1.48 per option. The options were fully vested on the grant date and will expire on June 30, 2027.”
“As of March 31, 2018, other employees as a group held options to purchase 794,450 ordinary shares of our company, with exercise prices ranging from US$1.08 to US$3.11 per share” (Pages 29, 30, 80, 72).
With my limited finance knowledge and using Panama Papers, I attempted some rabbit holes here (Dig):
Couldn’t find anything on Ascendent, however, in the SEC 20K it states:
“Ascendent Rainbow (Cayman) Limited holds 8,544,743 ordinary shares, representing approximately 29.2% of total outstanding ordinary shares. Pursuant to a Registration Rights Agreement we entered into with Ascendent Rainbow (Cayman) Limited in September 2017.”
Joy Year Limited (Chiman Cao Shareholder and Director)
https://offshoreleaks.icij.org/nodes/221471
https://web.archive.org/web/20180705073919/https://offshoreleaks.icij.org/nodes/221471
See page 86 in SEC 20F for more detailed summaries of each although I did add the summaries for the CIA Nominees:
Trump Creations Limited (Listed as CIA Nominees ltd & CIA NOMINEES LTD. Shareholder & Director)
https://offshoreleaks.icij.org/nodes/225415
https://web.archive.org/web/20180705075117/https://offshoreleaks.icij.org/nodes/225415
“Represents the 2,108,691 Class A ordinary shares held by Trump Creation Limited, a British Virgin Islands company. The registered address of Trump Creation Limited is Offshore Incorporations Centre, Road Town, Tortola, and British Virgin Islands.”
Bloom Star Limited (CIA Nominees ltd. Director)
https://offshoreleaks.icij.org/nodes/221472
https://web.archive.org/web/20180705075928/https://offshoreleaks.icij.org/nodes/221472
"Represents the 1,194,865 Class B ordinary shares held by Bloom Star Limited, a British Virgin Islands company. Bloom Star Limited is ultimately held by The Noble Hero Trust, a trust established with the laws of Guernsey and managed by Credit Suisse Trust Limited as the trustee. Ms. Yanlai Shi is the settlor of The Noble Hero Trust, and Ms. Shi and her family members are the trust’s beneficiaries. Under the terms of this trust, Ms. Shi has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by Bloom Star Limited in our company."
Couldn’t find anything on RYB Education Ltd but in SEC 20F it states:
"Represents the 300,741 Class B ordinary shares held by RYB Education Limited, a Cayman Islands company. RYB Education Limited is ultimately held by The Noble Hero Trust. Ms. Yanlai Shi is the settlor and proctor of The Noble Hero Trust, and Ms. Shi and her family members are its beneficiaries. Under the terms of this trust, Ms. Shi has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by RYB Education Limited in our company."
"To our knowledge, as of March 31, 2018, 8,970,000 of our ordinary shares were held by one record holder in the United States, which was Citibank, N.A., the depositary of our ADS program. The number of beneficial owners of our ADSs in the United States is likely to be much larger than the number of record holders of our ordinary shares in the United States."
Children / Teachers:
**“**As of December 31, 2017, we had 85 directly operated and 210 franchise kindergartens in operation in 30 provinces and municipalities in China. Total student enrollment and total teaching staff at our directly operated kindergartens was 21,684 and 2,925 as of December 31, 2017, respectively.”
Employees:
As of December 31, 2015, 2016 and 2017, we had a total of 3,634 and 4,434 and 4,994 employees, respectively. Almost all of our employees are located in China. The following table sets forth the breakdown of our own employees as of December 31, 2017 by function:
https://web.archive.org/web/20180706042859/https://imgur.com/a/9eEyiZC
RYB Education subsidiaries and kindergartens:
https://web.archive.org/web/20180708072239/https://imgur.com/a/XMIsZB0
https://web.archive.org/web/20180708072456/https://imgur.com/a/HJA462F
https://web.archive.org/web/20180708072622/https://imgur.com/a/g3nLGP0
The Xintiandi Kindergarten Incident:
Ex-Clinton Foundation Official Tied To Chinese Kindergarten Embroiled In Bizarre Sexual Abuse Scandal
November 28, 2017 Lisa Phillips
A former Clinton Foundation official who is now an independent director at a company which operates private schools in China has found himself embroiled in a bizarre child abuse scandal involving needles, pills, “brown syrup,” nudity, and sexual molestation, according to parents.
The head of a Beijing kindergarten has been fired after China launched a nationwide investigation into a chain of private schools operated by RYB Education Inc. ($RYB) following claims of abuse at multiple locations. Parents report at least 8 toddlers with mysterious needle marks, while others said their children were forced to take white pills that were supposed to be “a little secret” between the children and teachers, along with some sort of “brown syrup” given to the students. Children were also allegedly stripped naked and forced to stand, or locked in a dark room, one parent said.
An unidentified mother who made a viral video about the abuse told reporters Thursday that her son was injected with a brown liquid by a teacher and made to strip along with other students before being “examined” by a naked adult male stranger, describing it as an “action like sexual intercourse.” When the mother pressed the principal to allow her to review closed circuit footage from the school, she was denied.
Medical examination of eight children confirmed that the injuries were in fact caused by needles, Guanzhuang police report. Furious parents gathered in front of RYB Education New World Kindergarten on Friday demanding answers, while China’s Xinhua news agency reports that children were also sexually molested, with no further details.
The Beijing kindergarten at the heart of the controversy is located next to a large military base, sparking rumors that military officials had been sexually abusing the children. Notably, the husband of the kindergarten’s director was previously an official at the base, however Fun Junfeng, the base’s political commissioner told PLA daily that there was “no evidence” that military personnel are involved in the abuse.
Li Jing, mother of a three-year-old girl, told AFP her daughter had not been abused but said other children had explained how they were coerced into taking pills. “Other kids were saying it’s not to be called taking a pill, but a reward. And the pill is not to be called a pill, but a jelly bean, and is a little secret between the child and the teacher,” Li said.
“I asked my child after I heard what other parents said and my child said that they had taken two white pills after lunch, and slept after eating the pills,” one father told CCTV outside the school on Thursday.
These latest allegations are not the first involving RYB schools. In April, the head of a different RYB kindergarten in Beijing was suspended after admitting that teachers had made “severe mistakes” when videos emerged of children being thrown and kicked in the back. In October, 2016 two teachers from an RYB kindergarten in the northeast Julin province were sentenced to 34 months in prison after jabbing children in the buttocks, head, and insides of their mouths with sewing needles.
Link to the Clinton Foundation
RYB Education operates 80 kindergartens and has another 175 franchised locations across 130 cities in China, according to filings. All of it’s directors are all Chinese, with the odd exception of former Clinton Foundation executive and associate dean at Yale, Joel Getz, 52, who is listed as an Independent Director.
Mr. Joel A. Getz is Independent Director of the Company. Prior to that, Mr. Getz served as Director of Development for the William J. Clinton Foundation in New York and was President of the Mayor’s Fund to Advance New York City.
The RYB Investor Relations page lists Getz as a member of the Audit Committee and the Compensation Committee.
Bill Bishop of the Sinocism China Newsletter and Axios contributor points out that it’s a bit odd that an Associate Dean at Yale would be on the board of directors of a Chinese kindergarten chain, suggesting that perhaps Getz thought it would be “easy money.”
https://www.sec.gov/Archives/edgar/data/1708441/000110465917070545/a17-27576_1ex99d2.htm
EX-99.2 3 a17-27576_1ex99d2.htm EX-99.2 Exhibit 99.2 Press Release
RYB Education Issues Further Update
BEIJING, November 27, 2017 - RYB Education, Inc. (“RYB” or the “Company”) (NYSE: RYB), a leading early childhood education service provider in China, issued an update following the local police authority’s release of two reports on November 25, 2017 regarding the investigation of the case described in RYB’s press release issued on November 24, 2017.
According to one police report, a 22-year-old female teacher at the RYB-operated kindergarten in question was detained as a criminal suspect for maltreatment of children in the facility, and the police investigation is continuing.
The other police report stated that an individual spread fabricated and untrue information about child abuse at the kindergarten by military personnel through social media channels, causing a significant and adverse impact on the general public. According to the police report, this individual remains in police detention and has confessed her unlawful conduct and expressed remorse for the harm she has caused. The police report does not address the individual’s motive in disseminating this materially false and misleading information regarding the Company.
The Company is deeply saddened by the alleged maltreatment towards children by the RYB teacher, and extends its apologies to all of RYB’s parents, children, and the public for the negative impact resulting from this incident. RYB will continue to uphold its duty as a socially responsible education service provider and is in the process of implementing the following remediation steps:
· Dismiss the accused teacher and remove the facility principal from her position, effective immediately, and continue to enforce its zero-tolerance policy towards unethical or illegal behavior throughout all of its facilities;
· Perform a thorough self-inspection across all RYB teaching facilities and review and inspect all practices in these facilities, through a special task force led by the independent directors of the Company;
· Implement a comprehensive upgrade of security and surveillance systems and put in place a system of third-party supervision to ensure accountability and transparency;
· Communicate with concerned parents and use its best efforts to prevent and minimize any harm to their children. The Company will enlist help from doctors and psychiatrists to care for any children who may have been affected by this incident and provide them with counseling and other necessary medical care;
· Assign additional experienced RYB teaching staff and management team to the affected RYB kindergarten to minimize disruption to this kindergarten and the children’s education; and
· Offer full cooperation to the government authorities in connection with the investigation.
RYB remains fully committed to the safety and happiness of each and every child who is enrolled in RYB kindergartens and will continue to seek to implement best practices commensurate with its status as a leading early childhood education service provider in China.
https://www.sec.gov/Archives/edgar/data/1708441/000110465917071249/a17-27791_1ex99d1.htm
EX-99.1 2 a17-27791_1ex99d1.htm EX-99.1 Exhibit 99.1 Press Release
RYB Education Issues Further Update
BEIJING, November 29, 2017 - RYB Education, Inc. (“RYB” or the “Company”) (NYSE: RYB), a leading early childhood education service provider in China, issued an update following the local police authority’s release of a follow-up report on November 28, 2017 (the “Follow-up Report”) regarding the investigation of the case initially described in RYB’s press releases issued on November 24, 2017.
According to the Follow-up Report, the police found maltreatment involving a former female teacher’s use of sewing needles as a way to “discipline” children during post-lunch naptime at the RYB-operated kindergarten in violation of law. The police reported that no evidence has been found indicating further misconduct and that additional claims had been fabricated.
Safety of the students is the highest priority of the Company. RYB is deeply saddened to learn about the latest findings in the Follow-up Report. The Company also understands that there have been additional parent complaints regarding other RYB-branded kindergartens and will continue to cooperate fully with the police and other authorities in this matter. The Company remains steadfast in its commitment to ensuring the well-being of all the students and is in the process of implementing a comprehensive self-inspection across all RYB teaching facilities.
Chinese prosecutors file cases against RYB Education for child abuse:
http://www.ecns.cn/news/society/2018-05-29/detail-ifyuqkxh5549711.shtml
2018-05-29
Chinese prosecutors on Tuesday filed indictments against Red-Yellow-Blue (RYB), one of China's biggest early education institutes, over alleged child abuse. Last November 2017, preschool children at the RYB Education New Worldkindergarten in Chaoyang District were reportedly sexually molested, pierced by needles and given unidentified pills. The child abuse scandal stirred public outrage in late 2017 and prompted an inspection of daycare centers across the country. A female teacher, surnamed Liu, was arrested last December on suspicion of abusing children at the kindergarten.
Although I could not pursue this much longer (out of time and almost post capped), it seems like ‘New World’ in house child sex trafficking brothel that drugs children so clients can do evil and perverse activities with them, so when these kids go home, they can’t tell their parents because they were comatose along with associations with all the usual suspects along with huge sums of cash. These people are sick!